Legal Regulation and Control of Cryptocurrency Circulation in Japan

Nov
26
2019

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The legal regulation of social relations taking shape in the sphere of money circulation is strongly influenced not only by economic but also by historical, socio-cultural and other factors. In this regard, the experience of Japan is of particular interest — a country where the Western way of life, the desire to promote high technology and centuries-old national traditions are harmoniously combined.

Interestingly, in Japan, the share of cash in the total money supply on average exceeds that of other developed countries. Investigating this phenomenon, foreign scientists come to the conclusion that a high level of cash in circulation is due to a number of factors. So, in Japan, there is a very low crime rate, which allows you to safely store cash without fear of its theft. In addition, a high concentration of the population stimulates direct interpersonal interaction, within which, according to scientists, it is easiest to use cash…